Examlex
Many of today's businesses are being run by employees on their own devices, rather than on equipment specified and purchased by the IT department. This is sometimes referred to as the consumerization of IT, but also known by the term:
Labor
The human effort, both physical and mental, used to produce goods and services.
Isocost Line
A chart displaying every possible input mix that can be acquired for an identical expense.
Total Cost
All expenses a business incurs to produce goods or services, including both fixed and variable components.
Price of Capital
The cost of borrowing money to purchase capital assets or the returns expected by investors for providing capital.
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